Bourse operator Hong Kong Exchanges and Clearing (HKEX) is exploring merging the GEM board with its main board by creating a new chapter of its listing rules, according to a source familiar with the discussions.The proposal to create Chapter 18D, which would be a core part of the second phase of the review of the listing regime, would be subject to a public consultation by the end of the year, the source told the South China Morning Post.Merging it with the main board was an option to reboot the poorly performing GEM, the source said, as the second board was seeing minimal turnover and fewer new listings.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS107
ENT3
THU · 2026-08-27 · 07:22 GMTBRIEF NSR-2026-0827-106378
NSR-2026-0827-106378News Report·EN·Economic Impact
Hong Kong Exchanges and Clearing explores merging GEM with main board, source says
Hong Kong Exchanges and Clearing (HKEX) is considering merging its Growth Enterprise Market (GEM) board with the main board. This potential merger is part of a review of the listing regime and would involve creating a new chapter, 18D, in the listing rules.
Enoch YiuSouth China Morning PostFiled 2026-08-27 · 07:22 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
107words
Sources cited
1cited
Entities identified
3entities
Quality score
100%
§ 01
Briefing Summary
AI-generatedNEWSAR · AI
Hong Kong Exchanges and Clearing (HKEX) is considering merging its Growth Enterprise Market (GEM) board with the main board. This potential merger is part of a review of the listing regime and would involve creating a new chapter, 18D, in the listing rules. The proposal is expected to undergo public consultation by the end of the year. According to a source, merging GEM with the main board is being explored as a way to revitalize the GEM board, which has experienced low turnover and a decline in new listings. This initiative aims to address the underperformance of the GEM market.
Confidence 0.85Sources 1Claims 5Entities 3
§ 02
Article analysis
Model · rule-basedFraming
Economic Impact
Tone
Measured
AI-assessed
CalmNeutralAlarmist
Factuality
0.70 / 1.00
Factual
LowHigh
Sources cited
1
Limited
FewMany
§ 03
Key claims
5 extracted01
The proposal involves creating a new chapter of its listing rules, Chapter 18D.
factualsource familiar with the discussions
Confidence
0.90
02
Hong Kong Exchanges and Clearing (HKEX) is exploring merging the GEM board with its main board.
factualsource familiar with the discussions
Confidence
0.90
03
The proposal would be subject to a public consultation by the end of the year.
factualsource familiar with the discussions
Confidence
0.85
04
The GEM board is seeing minimal turnover and fewer new listings.
factualsource familiar with the discussions
Confidence
0.80
05
The merger is an option to reboot the poorly performing GEM board.
factualsource familiar with the discussions
Confidence
0.80
§ 04
Full report
1 min read · 107 words§ 05
Entities
3 identifiedKey playerOppositionContextPositiveNeutralNegative
Organizations2
Topics1
§ 06
Keywords & salience
10 termsgem board
1.00
main board
1.00
hong kong exchanges and clearing
1.00
merging boards
0.90
listing rules
0.80
listing regime
0.70
public consultation
0.60
poorly performing
0.50
minimal turnover
0.50
new listings
0.50
§ 07
Topic connections
Interactive graph Network visualization showing 5 related topics
View Full Graph Person Organization Location Event|Click node to navigate|Edge numbers = shared articles